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Eric Schmidt warns US may lose AI race to China as Beijing prioritizes real-world applications

Former Google CEO Eric Schmidt has issued a stark warning that the United States risks falling behind China in the global race for artificial intelligence (AI) supremacy, citing Beijing’s aggressive push toward applied AI across consumer, industrial, and robotics sectors. Speaking on the All-In Podcast alongside venture capitalists Chamath Palihapitiya and David Sacks, Schmidt emphasized…

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Smartworks unveils SmartVantage to boost GCC expansion across India’s flex workspace ecosystem

Smartworks, India’s largest managed workspace platform, has launched a new initiative called SmartVantage aimed at accelerating the growth of Global Capability Centers (GCCs) across the country. The program, unveiled on September 29, 2025, is designed to offer customized real estate solutions, enterprise-grade infrastructure, and strategic support to multinational corporations setting up or scaling their GCC…

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Elevate Campuses files ₹2,550 crore IPO draft papers, backed by Hillhouse Investment

Elevate Campuses Pvt Ltd, a fast-growing education infrastructure and student housing platform backed by global investment firm Hillhouse Capital, has filed draft red herring prospectus (DRHP) with SEBI to raise ₹2,550 crore through an initial public offering (IPO). The move marks a significant milestone in India’s evolving edu-tech and real estate convergence space, as the…

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SEBI bans Man Industries and top executives for two years over financial misstatement violations

In a major regulatory crackdown, the Securities and Exchange Board of India (SEBI) has barred Man Industries (India) Ltd and several of its top officials from accessing the securities market for a period of two years. The action follows a detailed investigation into alleged financial misstatements and non-disclosure of material information that misled investors and…

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Premier Energies bags $19.95 million solar electrification orders, expands clean energy footprint

Premier Energies, one of India’s leading solar power solutions providers, has secured fresh solar electrification orders worth $19.95 million (approximately ₹166 crore), marking a significant milestone in its expansion strategy across domestic and international markets. The orders, confirmed on September 29, 2025, include turnkey solar EPC contracts, off-grid rural electrification projects, and module supply agreements…

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Moody’s sees limited tariff impact on India, projects 6.5% GDP growth for FY26 amid global headwinds

Global rating agency Moody’s Investors Service has projected India’s GDP growth at 6.5% for the financial year 2025–26, citing strong domestic demand and resilient macro fundamentals, even as global trade tensions and tariff pressures loom. In its latest economic outlook released on September 29, 2025, Moody’s said that while recent tariff actions by the United…

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XED files DRHP for India’s first GIFT City IPO; founder says ‘global ambition needs global infrastructure’

In a landmark move that could redefine India’s capital market landscape, fintech firm XED Technologies has filed its Draft Red Herring Prospectus (DRHP) with the International Financial Services Centres Authority (IFSCA) to launch the country’s first IPO from GIFT City, Gujarat. The offering, expected to open in November 2025, marks a historic shift in how…

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‘Not weak…’: Investment banker debunks myths about India’s manufacturing with data-backed gains in mobile, defense, pharma

India’s manufacturing sector is not weak—it’s quietly powering a transformation across strategic industries, from mobile phones and defense equipment to pharmaceuticals and renewable energy. That’s the message investment banker Sarthak Ahuja delivered in a viral LinkedIn post that’s now sparking national debate and reshaping perceptions of India’s industrial capabilities. “A lot of people think India…

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Tata Capital trims IPO valuation to $15.7 billion, aims to leave more on the table for investors

Tata Capital, the financial services arm of the Tata Group, has officially trimmed its post-money equity valuation to approximately $15.7 billion (₹1.39 lakh crore) ahead of its highly anticipated initial public offering (IPO), scheduled to open between October 6 and October 8, 2025. The move, described by insiders as a “goodwill gesture,” is intended to…

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Sridhar Vembu rejects IPO pressure after Arattai’s rise: ‘Zoho can’t face quarter-to-quarter stress’

Zoho Corporation founder and CEO Sridhar Vembu has firmly dismissed growing calls to take the company public, citing the corrosive impact of quarterly earnings pressure on long-term innovation. The statement comes amid a surge in popularity of Zoho’s privacy-first messaging app Arattai, which recently crossed 50 million downloads, sparking renewed investor interest and speculation about…

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